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boehner come to an agreement. because i believe anything they agree to is something that will pass the senate. so it's really the house and the presiden president. >> -- is very remote. i think we're more likely to postpone the spending cuts. i think that would be disastrous for the economy. and i think we're likely to let the tax cuts expire than come back in january and cut the taxes for at least 98% of americans. >> joining me now to map out a timeline, nbc white house correspondent mike viqueira who joins me from right there in the white house. so are you getting a sense of the schedule of these events? >> reporter: the schedule is pretty much up in the air. pretty remarkable that john yarmouth, house democrat from kentucky is basically saying let's go over the cliff because we're never going to come to an agreement. the trouble is that cliff if we go over it, the congress at budget office itself says over the next course of the year if those tax cuts kick in, more than $1 trillion in new added taxes to the american people. plus that sequester, that automatic cuts to defense an
for now, he and john boehner are talking about a new spirit of cooperation in washington. >> we're not as divided as our politics suggested. we're not as cynical as the pundits believe. we're greater than the thumb of our individual ambation. >> reporter: today speaker boehner started open negotiations with the president. >> we're willing to accept new revenue under the right conditions. it matters where it comes from and what type of reform comes with it. if there's a mandate in yesterday's results it's a mandate for us to figure out a way to work together. >> reporter: now there's a new idea thrown out by the house speaker. he's saying why don't we delay the fiscal cliff all together for a year and in the meantime congress can work on reforming taxes and social security. >> the dow plunged 312 points today, its worst day in the year. a lot of talk is that wall street is worried a second term president obama will want tougher regulations. cbs money watch points out two hours before the opening bell the president of the european central bank admitted the euro zone crisis is now
is expected to give congress about how to avoid that so-called fiscal cliff. also this morning, john boehner will be holding his own news conference. that one is at 8:00. he's expected to sell us the republican position about avoiding that cliff. boehner said he's "the most reasonable guy in washington." he believes he can find common ground with the president. >>> 7:04. they are still counting votes in florida from tuesday's election. but mitt romney's top campaign official in florida now says president obama will win the state. president obama leads romney in florida. the romney campaign in florida says it only expects the president's lead in the state to grow as more ballots are counted. president obama won the election even without florida's 29 electoral college votes. >>> schools are scrambling to readjust their budgets after the passing of the proposition in california. schools will receive $14 billion more over the next four years than they would have if the measure had failed. high-earning californians may have to recalculate their budgets. under prop 30, people making more than $250
boehner. boehner said yesterday his party would consider tax increases under the right circumstances. he sent a tweet this morning to that effect. republican party needs to regroup after mitt romney's loss. veteran republican strategist wallace says the gop does need to change. >> what happens at this juncture is the same we talk about a war in the republican party between moderates and conservatives. that's an irrelevant and outdated debate it about is modernizing the language -- >> reporter: harry reid sounds ready to compromise saying in a news conference yesterday it is better to dance than to fight. "good morning america" will have more on the fiscal cliff, coming up at 7:00. tonight diane sawyer has an interview with john boehner. katie marzullo, abc7 news. >>> >> traffic and weather together next. >>> live look outside from the embarcadero looking at the bay, a lot of clouds, clear skies not going to last long that system mike has been warning us about is here how rain will affect your neighborhood forecast when we come back. sue will check in with your commute. >>> east bay highw
boehner -- house speaker john boehner seems to be offering the first olive branch. >> reporter: they brought some defeat for republicans and they need to keep it inside the house and now he is tolling do -- willing to do a little more deal making with president barack obama. house speaker john boehner suggested for the first time a framework to avoid massive spending cuts and tax increases which kick in, in less than two months if congress does not act. >> they are willing to accept some additional revenues via tax reform. >> they have insisted they are willing to okay some tax increases on wealthier americans to avoid the fiscal cliff, and now the president is having his first presidential briefing at the white house this morning and there is some speculation today he could hold a news conference today. reporting live, allison burns, ktvu channel 2 morning news. >>> sad story, a student oakland has died in a fatal atv crash. he apparently hit a tree near corvallis. he was visiting friends and he went out riding yesterday at 4:00 an. the investigation is continuing as to whethe
? john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring, and the president said that 250,000 below, he wants that extended, but for those making more than 250, will the bush tax cuts come to an end? >> i don't think so. i think actually the they won't come to an end because the democrats don't want major reduction in spending, if you hit the cliff, the spending would go down and politicians love to spend money. an extension of the bush tax cuts, less we're blessed by the relatively few, jeff baso, the late steve jobs, you want to remove the barriers to their production, not raise them. >> mike: john, we're not going over this cliff, are we. >> there's no way we
moment. >> reporter: house speaker john boehner indicated a new willingness to work with the president. >> we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> reporter: but can the speaker make deals with the white house and still satisfy tea party republicans. >> i'm not sure i see that changing over the next few years. >> reporter: usf political analyst, david latterman says republicans are at a cross roads. either continue to stone call -- >> or do they get the message that a lot of people don't want that, and there is room for compromise, and they do come to some accommodation on a couple things. >> reporter: diana feinstein says there's hope. >> we have to find some ways to use that word, which some are disdainful of berks you which i see in an enormously confident sense, and that word is compromise. >> this isn't something that i'm going drawing lining in the sand. he's not going to draw any lines in the sand, i don't believe. >> reporter: compromise ma
fiscal cliff. and john boehner will hold his own news conference. that begins at 8:00. he's expected to lay out the republican position on avoiding this fiscal cliff. boehner says he is the most reasonable guy in washington and he believes he can find common ground with the president. >>> they're still counting votes from tuesday's election but mitt romney's top campaign official is saying president obama will win florida. president obama leads mitt romney in florida, 49.9% to 49.3%. the romney campaigns says it expects the president's lead to get bilgier as more of the votes are counted. president obama was reelected without florida's 29 electoral college votes. >>> back over to sal who's checking in on the south bay right now. >> that's right and in the southeast bay we've had rain and just some drizzle and we can see it on this picture i'm going to show you, 237 is a little bit wet there and as rosemary had said a cell moved through and you could give yourself extra time. one of the biggest things that gets people in trouble is stopping distance, you're driving along, something ha
john boehner even spoke. >> john boehner were nice but the words were still very much the words of this past summer. when the gop was not going to be looking at certain types of tax increases for the wealthy without some type of corresponding offsets. like home mortgaging which is the third real of american tax politics right now. we will see. the words are good, mitchell, was not quite so good. but i think that it would be to them to see if they could go forward and make a deal with the fiscal clip. o'connell also perhaps not quite so good. >>catherine: and perhaps you would have a lot of of the easier pat for this next term? >> if the opponents are smart they could use the hurricane sandy to deal with some how package that with the defic debt ceilin and move this quickly forward and out of the way it could save everybody's face moving forward. we will see if they're that smart. ysidro depending on who you talk to into people are blaming and what people are blaming you. talking about the republicans. again, how much of this would you say is mitt romney or the party not reaching
john boehner agreed to openness as long as it linked to entitlement reforms and oo i'm not suggesting we compromise on principle buzz suggesting that we commit ourselves to creating an atmosphere to see common ground and seize it. >> it's better to stand and to fight it's better to work together. everything doesn't are to be a fight. everything doesn't have to be a fight. that is the way it's been the last couple years. >> two leaders different. boehner prefers to wait until newly elected congress is elected. reid calling on congress to get the work done immediately. >> you can see from this map of the electoral vote everything from florida has been called and with florida's 29 votes it won't make much of a difference either way because if we have it to go, let's say blue for the president. woe be up to 332 votes so just widen his lead. and if we make it red, and give it to mitt romney he is still 235. mr. obama retaining the presidency. want to show you more things now. how people voted closer to home. we're going to show you a map and take a look here. so going into mode, mode here.
are looming. >> speaker of the house john boehner appeared to dig in his heels on the suggestion of tax increases.. >> raising taxes on small business people is the wrong prescription given wheream> democratic stlat gist and former clinton advisor. >> i do think they get paid on the clinton play book on this. >> saying president needs to sell voters on a vision of compromise. >> the president doesn't make the case. people are confused on it. the way health care should have played out that makes boehner's job easier. >> speaker of the house's conversation coming up in about an hour from now on abc world news. the first indepth interview since tuesday's election. >> thank you. >> in addition to promising to work with house and senate members the president reaching outç=tc to reassure foreign leaders of his continuing cooperation. swerls leaders of germany and other countries was also announced today the president will take a historic trip to cambodia and myanmar. >> the pentagon says an iranian military plane fired upon, but did not hit a u.s. drone aircraft in whatrr
could hold his first post-election news conference. i'll have more on how speaker boehner could be offerrering erg the first olive branch during my next update. alison burns, ktvu channel 2 news. >>> 7:19. the greek parliament narrowly paced a deeply unpopular austerity package. the pension cuts pensions and salaries more than they have been cut -- the vote cuts pensions and salaries more than they have been. without a bailout loan, greece said it would run out of euros on november 16th. >>> well, today, some uc berkeley students plan a walkout demanding tuition reductions after voters pass proposition 30. the protest marks the first anniversary of occupy cal. it causes clashes between campus and police. some of the students rallying say the money that's going through the passage of prop 30 should be used to lower tuition. >>> well, administrators say the passage of two measures will definitely help with that school's financial situation. but they are not out of the woods yet. the school's been threatened with loses it's acrede date -- is accreditation partly because of its -- i
to keep speaker john boehner from setting the ground rules when it comes to negotiations over the fiscal cliff, mix of spending cuts and tax increases that will kick in at the end of the year. after returning to the white house victorious you'll hear the president argue today, as he did so many times on the campaign trail that household income over $250,000 a year should revert to those higher clinton era tax rates. white house aides say his victory is a sign that the american people feel the same way. they have no plans of backing down. they have not said how they plan to handle negotiations on the fiscal cliff. they've really just been regrouping. he met with top aides about it yesterday. capitol hill is telling me that they're waiting to hear how the white house wants to move forward. there's really nothing they can do until they hear from the white house. we got a stark reminder of how high the stakes are. the nonpartisan congressional budget office released a report saying of all those spending cuts and tax increases associated with the fiscal cl
. for (cheers & applause) >> house speaker john boehner is also willing to be flexible. >> everything. from a revenue side and on the spending side has to be looked after. >> everything except tax hikes for the rich. that will slow down our ability to create the jobs that everybody says they want. >>pam: john boehner offered an alternative. >> it is clear that there are a lot of special tax hall loopholes. and it is also clear that there are several types of deductions deductions some of which makes sense some of which cannot. >> some of us have heard fiscal cliff but what does it really need? if what is that really mean catherine heenan. >> the fiscal cliff. >> the fiscal cliff. >> building fiscal cliff. >> congress created the fiscal cliff to force yourself to do with the national debt is the worst- case scenario in case there is no agreement on cutting spending and raising revenue. if there is no agreement by the end of the year there will be $55 billion a/with 10 percent from each program and another $55 billion from non-defense programs. air travel safety, food safety and medical payme
. >> reporter: and the g.o.p. listened, too. house speaker john boehner promises the party is ready to get down to business. >> we stand ready to work with you to do what's best for our country. >> reporter: both sides had be put to the test almost immediately. the president and congress will have to work together to overcome the looming fiscal cliff. that would involve automatic drastic spending cuts and tax increases at the end of the year if no deal is reached but both sides are indicating a give and take. >> we're willing to accept new revenue under the right conditions. what matters is where it comes from and what time of reform comes with it. >> it's better to dance than to fight. it's better to work together. >> reporter: and voters are counting on it. . >>> and for the first time in 40 years some of you are no longer represented by pete stark. california's longest serving congressman lost to a challenger 50 years his junior. eric swalwell was able to challenge stark thanks to the reinvented primary. they're both democrats. >>> and for the first time since 1965, democrats have gained a s
. >>> john boehner has scheduled a news conference this morning. his will begin at 8:00 and is expected to outline the republican position on avoiding the fiscal cliff. he says he is the most reasonable guy in washington and believes he can find common ground with the president. >> i'm really proud. [cheering and applause] >> president obama got a little emotional wiping away tears as he thanked his campaign staff and volunteers at the chicago headquarters the day after winning the election, the president's campaign released this video. >>> 7 navy sales accused of leaking classified information are in hot water. military officials say the seal has provided secret information to the makers of one of the hottest video games, the punishment handed down and the local connection to the story coming up at 4:45. >>> drivers will have to stay patient going through what many call the worst interchange, the 280/880 interchange, they will add another the route into valley fair from 880 and there will be a flyover ramp, the $62 million project should be finished by early 2015. >>> 4:37 is the time.
, republican house speaker john boehner will hold his own news conference. he's expected to tell us the republican position on avoiding the fiscal cliff. boehner says he's the most reasonable guy in washington and believes he can find common ground with the president. >>> they are still counting votes in florida from tuesday's election, but mitt romney's campaign advisor says president obama are will win the state. the romney campaign in florida says it only expects the president's lead in the state to grow as more ballots are counted. president obama of course won the election without florida's 29 electoral votes. >>> time 5:07. we have rain and wet roads and sal we have crashes. i don't think you're going to have friday light today. >> i'm still hoping but i think you might be right dave and pam. you should be especially careful on your way to work today. a ktvu photographer actually took some video of someone driving in the rain and this photographer, our photographer was driving out actually early, pounding rain on 880 a few hours ago. chp warns there are shrieky slick -- slick
americans to pay more. republican response from house speaker john boehner said proposed tax hikes on small business owners would cost america hundreds of jobs. >> can't just cut our way to prosperity. if we are serious about reducing the deficit, we have to combine spending cuts with revenue, and that means asking the wealthiest americans to pay a little more in taxes. >> here's the problem with that. raising those rates on january 1st would, according to the independent firm earnst and young, destroy 700,000 american jobs. that's because many of those hit by the tax increase are small business owners. >>> the white house said the president would veto any bill from congress from extends tax cuts for families making $250,000 or more. boehner said he won't consider raising taxes but he would consider eliminating tax loopholes. >>> a hercules city council member faces possible censure on tuesday on an abc news indication of unethical and abuse of power. the contra costa time reports the hercules councilwoman is in hot water with fellow council members for silencing a resident over blog posts
boehner outlined different positions is there room for a deal. >> i think there may be because john boehner made it clear that while republicans don't want tax rates to rise, they are open to collecting additional revenue. on the other side, president obama reiterated that he wants the wealthiest americans pay more taxes but he did not demand that tax rates rise to collect the money. if we read between the lines it looks like a deal could be cut to limit itemized deductions for the wealthiest americans. that's schedule a and some o of the popular deductions include mortgage interest or charitable contributions, property taxes and state and local taxes, we could see a deal around the itemized deductions. >> i don't want to be the grim reaper, what if they don't get a deal done, we're in trouble. >> 80 to 90% of americans are going to see their taxes increase, maybe by 3500 dollars on average, 2 grand for middle income americans. if you're a low to middle wage earner. here's what you would lose, the valuable earned income tax credit and payroll tax would go up by a couple percent. if
'm comfortable listening to congressman boehner that he's willing to come through with an approach. getting revenue from some folks coming up with $250,000. i have got people on my payroll in washington who took a 5% to 10% cut. they were only making 50 to $60,000. why can't somebody making over 250 give a penny more? and so we have to approach this in a balanced way. i am optimistic. i think the american people have spoken. the president during the campaign talked about this well balanced approach. in the past the republicans said no revenue. speaker boehner said, we've got to consider everything. it's matter of how we do it. >> he talked about new revenue. can they come in any form other than higher taxs? >> it will have to be a combination. it will be a combination. you got to remember that all of us already agree that extending the tax cuts for those making less than 250. everybody agrees on that. let's do that. i agree with the president. let's do that, take care of that. for those making over 250,000, let's try to figure out how we help them pay a little bit more. lot of those people
and center in these talks with speaker john boehner. >> all right. chuck todd at the white house this morning, thanks. john meacham is a pulitzer prize winning historian and author of the new book "thomas jefferson the art of power." good morning. >> thank you, sir. >> tell me about what's going on in washington right now. everyone is saying the right things. president obama said a couple days ago i'm looking forward to reaching out and working with leaders in both parties to meet our challenges. john boehner said we are ready to be led. is this just honeymoon talk or do the american people have reason to believe things might be different in a second term? >> a lot of it's honeymoon talk. this is the natural result. the president wants to appear magnanimous in victory. the speaker, whose party just lost, wants to be clear that practically he understands that the country voted for an incumbent president as opposed to the nominee of his party, so it behooves him at this point to make the right noises. but it's still friday. sometimes bipartisanship in washington is a little like what mark twain
to pay more. republican response from house speaker john boehner said proposed tax hikes on small business owners would cost america hundreds of jobs. >> can't just cut our way to pros peerty. if we are serious,we have to combine cuts with revenue and that means asking the wealthiest americans to pay a little more in taxes. >> here's the problem with that. raising those rates on january 1st would, according to the independent firm earns and young, destroy 700,000 american jobs. that's because many of those hit by the tax increase are small business owners. >>> the white house said the president would veto any bill from congress from extends tax cuts for families making $250,000 or more. boehner said he won't consider raising taxes but he would consider eliminating tax loopholes. >>> a hercules city council member faces possible censure on advertise on an abc news indication of unethical and abuse of power. she's in hot water for silencing a resident over blog posts that she believed was critical of her. council will continue a draft resolution accruing devara of interfering with a
boehner is standing his ground. >> you know, the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. >> reporter: both parties will have to compromise by the end of the year to avoid the so- called "fiscal cliff." if they don't, the country faces a rollback of tax cuts as well as big cuts to defense and social programs. and there will be little time for the winners to celebrate. next tuesday, congress convenes and the top discussion will be on that "fiscal cliff." at the white house, tara mergener cbs 5. >> mitt romney and his wife left their boston hotel this morning. their future is uncertain. romney spent the past six years running for president. what's next? the initial plan is to spend time with family. but his wife recently said he will not run again for president. there is april general consensus the 65-year-old politician was unlikely -- there is a general consensus the 65-year-old politic was unlikely to disappear from the public altogether. >>> vot
-state voters rejected senate candidates for their extreme anti- abortion views. washington, john boehner acknowledged that the political winds may be shifting. >>pam: stay with us for, but continued coverage. >> if there is a mandate in yesterday's results it is a mandate for a to find a way to work together on solutions to the challenges we face together as a nation. pam banff if www.kron4.com for the latest election coverage. >>pam: www.kron4.com for the latest stay with us for continued election coverage. >>jacqueline: t-shirts yesterday and now, jeans today. there is rain to the north and notice the cloud pattern is spotty not very organized. for tomorrow and wednesday and also this indicates on stable patterns. near the coast. if that is exactly what we have with-on stabl and unstabe... air patterns. the chance for storms will remain with us tomorrow and friday but drier weather on tap for the weekend. we will talk to what the weekend, coming up. >>pam: developing news in the east bay an emergency meeting of trussing the violent crime in the oakland hills. reggie kumar joins us live
: and for the first time yesterday, house speaker john boehner indicated republicans might be willing to consider new sources of revenue as part of tax reform and everybody is trying to figure out if that means republicans are now willing to accept some new tax increases as part of a broader deal. reporting live, allison burns, ktvu channel 2 morning news. >>> well voter turn out here in california was a lot lower than four years ago. 59% of voters in california passed their ballots this year. back in 2008, the number was over 70% and it was just over half of 70% of registered voters turn out for the election. >>> the protests will mark the one year anniversary of occupied cal which caused clashes between students and campus police. the passage of proposition 30 should be used to lower the situation. >>> the sound of earthquakes have been eliminated and the defending champion came to town last night. the bay beat the quakes final score 3-1 and robby scored 2 goals. the galaxy came onto the western conference finals in salt lake. san jose season is over now and then there is buster posey, the giant's
. >> house speaker john boehner also spoke today. he said this is president obama's moment and his chance to show he can lead congress to a bipartisan solution. >>> it is a flat out no comment so far from redwood city electronic arts after news one of its video games may cost one of its members s.e.a.l. team 6 team's their job. they were paid to help design those games, right? >> i'm he going to tell you right now, that's not unusual. i've met with video game designers for almost 20 years now. at those meetings you often meet with military consultants who help them. in fact, the army has its own video game designed by the army. the problem with this new video game, medal of honor war fighter, is the consultants were navy s.e.a.l.s., special forces. they're supposed to be far more secret. the defense department has told news agencies that several members of the team, including one member who participated in the killing of osama bin laden, have been officially reprimanded for revealing secrets to the game maker. in the military, that can be a career killer. secrets are relative. just explai
crisis. 52 days now until the so-called fiscal cliff. mr. obama and house speaker john boehner laid out their new positions, which sound a lot like their old positions. the president says he will be flexible to a point. >> i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> republicans say they won't budge on taxes unless democrats bring to cut the costs of social security and medicare, starting with the raising the minimum ages to qualify. >>> with the showdown looming over whether the police department guess into receivership, oakland is urging a middle ground. ever since 2000 where there was rampant police corruption, the department has been threatened with a federal takeover unless reforms were implemented. now with a december court date, the city is bracing for a possible tak
of communication between the president and the house speaker john boehner. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. >> reporter: could this be washington code for a real compromise? political science expert max neimann says that's exactly what it is. >> and there's a kind of dance taking place in which each side wants to portray itself as the one that is reasonable. >> reporter: that could be tough on capitol hill. today the president promised to veto any deals that include tax cuts on people making more than $250,000 a year a move republicans say will only cost more jobs. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. >> according to the ernst & young raising the top rates would destroy nearly 700,000 jobs in our country. >> reporter: while the president and the speaker are at odds over income taxes on wealthier ame
obama to avoid the fiscal cliff that would affect all of us. speaker boehner continues to insist raising taxes is out of the question. >>> traffic and weather together, next. >> let's take a live look outside, gonna be chilly, meteorologist mike nicco will have your full forecast and we also check in with sue hall.afi >>> 80 homes damaged, to people killed, the cause still unknown. what is next in indiana, after that mysterious blast >>> beautiful picture wanted to show you the gorgeous colors this morning isn't that tremendous as we look southeast. high clouds not as cold as it was over the weekend, still seeing 30s especially in the east bay and north bay valleys and around los gatos. low to mid 40s san francisco]6Ñ÷ in the afternoon 50s coast low to mid 50s the rest of us best thursday. >>> if you have to come to san francisco, great morning to do it, pretty, chilly, light at the bay bridge toll, no issues, into metering lights no problems upper deck light out of novato through central san rafael past freitas parkway to north san pedro road past civic center moving at limit couple
elected us to focus on your jobs, not ours. >> the president and john boehner are each drawing a line in the sand on letting the bush era tax cuts expire for americans making more than $250,000 a year. the speaker wants the tax overhaul that raises money by cutting loopholes. if they cannot hammer out a spending deal by the end of the year, the nation goes over the so-called fiscal cliff and taxes go up for everyone. an average of $500 per household, and there will be deep, automatic spending cuts that could hobble the economy. republican sandoval the president to address the real problem. the real problem is uncontrolled entitlement spending and a government that has grown massively. >> democrats and republicans will have to compromise just like the president and his party did after getting walloped in the 2010 election. >> would cut $900 million in spending that was painful to us. >> in washington, a high-stakes search for middle ground. brian moore, wbal-tv 11 news. >> there is more fallout tonight for lance armstrong. >> why he has completely decided to cut ties with his organizat
last night that includes house speaker ran john boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800 billion dollars. in the bay area there's hope president obama's reelection will bring amick boost especially in the silicon valley. with health care behind him the tech industry feels the president can turn his attention to jobs, housing and clean technology. katie marzullo, abc7 news. >>>s did are trying to determine how badly hurt an 11-month-old fremont baby was when she fell from a third story window yesterday. firefighters say the baby landed in bushes outside her home in the 800 block of walnut avenue yesterday afternoon the baby was unconscious when she was airlifted to the hospital but breathing and crying on arrival. police say her mother wa
: in an interview house speaker boehner drew a hard-line on raising taxes but opened the door to raising more revenue. >> i would do that, if the president were serious about solving our spending problem and trying to secure our entitlement programs. >> reporter: democrats think the president has a mandate to raise taxes on families making more than $250,000 a year. >> there was a message sent to us by the american people, based on the campaign, that is, people making all this money have to contribute a little more. >> reporter: democrats and republicans are set to begin talks on debt reduction hoping to avoid automatic spending cuts and tax increases from kicking in at the end of the year. the president will make his comments today at the white house. during his victory speech he said he wants a bipartisan solution. >> the president: i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. reducing our deficit, reforming our tax code. >> reporter: the president will make his remarks this afternoon in front of an audience
boehner called on the president to lead. >> this is his moment to engage the congress and work towards a solution that can pass both chambers. >> reporter: for the first time there looks to be signs of cooperation. a willingness to negotiate to find a solution. >> i'm not weighted to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> reporter: the president invited congressional leaders of both parties to begin working on a plan. any balanced plan to reduce the deficit must ask the wealthiest of americans to pay more. in washington, jacqueline fell, ktvu, channel 2 news. >> a week ago a lot of people probably didn't know about the fiscal cliff. since the election it seems there are reports about it everywhere. rob roth tells us that seems to be creating a ground swell for action. you talked to a congresswoman about that this today. >> reporter: right. we're standing on 3rd avenue made up of mostly mom and pop shops just like main street usa. folks here say they not only are hoping political leaders avoid the so-called fiscal cliff, they're expecting them to find
with congressional leaders. boehner said everything needs to be on the table. also said this is a time for the president to lead. ironically if the president does a good job leading on this issue could put a lot of pressure on congressional republicans to break those pledges they have made to never raise taxes. in the newsroom, abc 7 news. >>> around the country thousands of veterans send sunday like last year. wait to go see if the department of veterans affairs will grant their disability claims. tonight the center for investigative reporting finds that many of those veterans will be unfairly denied their benefits all because of error made by the va. >> i knew it. i knew i was supposed i knew i was to get my claim approved. i knew it. >>reporter: in 2008 the department of veterans affairs denied jose round tree consistability claim for ptsd what you get shot before you can get ptsd. there's more than one way of getting wounde wounded. i was mentally wounded. >>reporter: he was on navy destroyer in 1983 that engaged in battle off the coast of beruit. but the va couldn't find
? >> that's staggering. all right, thank you. speaker boehner favorites simplifying the tax codes by limiting the number ofexemption. it's one day after about 100,000 people took to the streets and protest. the demonstrators tried to stop the lawmakers from passing a new round of budget cuts. but they back up the measures to save them from bankruptcy. they fired the water canyons with the demonstrators. it was the biggest rally there in over a year. and stocks flipped again in this country. while it was not as dramatic as yesterday, investors, they are still concerned about the potential for gridlock. but they finished the day down 120 points to close at 12,811. >> all right, not too bad out there. a little sunshine, which is the big view as you would say. >> and things to come over the weekend, right? >> yes, it is. it looks warmer than what it was. up to 30 miles an hour that made it look cooler, but they would die down tomorrow and they will be on the way. >> yes, that's what i thought. we're looking at really, pretty much the clear skies. and the temperatures, 52. dew point at
john boehner is standing his ground. >> you know, the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for the country. >> reporter: both parties will have to compromise by the end of the area to avoid the "fiscal cliff." if they don't, the country faces a rollback of tax cuts as well as big cuts to defense and social practices. the main concern about the "fiscal cliff" is it could plunge us back into recession. already, president obama wants to end the tax cuts for the wealthiest americans. but the republicans want the cuts for everyone. so what about mitt romney? he has been on the campaign trail six years now. he says it's probably the end of his political career. he plans to spend more time with his family. he has a lot of family, five sons and 18 grandchildren and he has a 19th one on the way. so dana, i think he has his hands full. >> if he thinks he is going to get some rest, he's not. grace, thank you. >>> four million more hispanics were eligible to vote thi
negotiations to deal with the issue. house speaker john boehner said wednesday he is willing to compromise on raising some taxes. vice president joe biden says the obama administration is willing to compromise, as well. the "fiscal cliff" is across- the-board tax increases and spending cuts scheduled to kick in at the end of the year. >>> the market hopes to recover today from its worst day of the year. here now is jason brooks with kcbs and cbsmoneywatch.com. >> reporter: good morning. good day to compromise on the "fiscal cliff." it's going to be absolutely key. that was one of the main reasons why the market dropped so much yesterday along with ongoing concerns about europe's debt crisis. the dow down 300. the market coming back a little this morning. we have economic reports that may be helping out a little. labor department reporting that first time unemployment claims falling by 8,000 to 355,000 last week. important to know that these numbers are going to be skewed for weeks because of hurricane sandy. they might be lower and we might see a surge in a month because of that. the u.s.
will be confronting the guy who literally has more color than he has, john boehner. >> it is something, you have this big pressure, this great moment, but also the doubts and stuff going in, the win, of the loss, the fact that you can be out the door. someone says you won again. we have the "fiscal cliff" hanging over you, by the way. so get ready. you have 33 seconds. what's your play? you're going to go to be back in the corner. >> he hasn't thought about that at all. he was focused on whether or not he could justify the four previous years. he was not thinking about the four years forward. period. >> i have a question. just the exhaustion factor with romney and the president. the next day they must wake up and say, can i just go to the caribbean for a week? but you have to go back to work. >> the energy is gone. by the time you end at 8:00 on the night of the election at whatever station you happen to be, the energy leaves you. then you discover you didn't have it anyway. you were operating on adrenaline and what have you. so you have no idea the exhaustion of what you have gone through. the
boehner disagrees. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> on tuesday night we found out that the majority of americans agree with my approach. i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> the president is asking the congress to sign off on an extension of the middle class tax cuts right now while both sides work to reach an agreement on the more contentious issues. because of the impending financial doom and gloom, virginia state agencies are looking to cut their budgets by 4% as directedly the governor thursday. peggy fox -- directedly the governor thursday. peggy fox spent the day tracking how those cuts could affect the cities and counties in virginia. >> we still haven't recovered from the last recession, but washington was not as harshly impacted as other parts of the country because federal spending kept people employed here, but now ironically instead of our salvation that, connection could be a curse. schools in northern virginia could take a h
compromise. already you've seen the president reach out to the other side. john boehner making comments that they also want to work together. but, again, this is the choice that we have been talking about over the last several months. spending cuts, tax increases. >> we should mention that we're also more renewed fears in europe, the greek debt crisis rearing its ugly head. >> absolutely. it's clear that greece cannot pay its bills. now we're thinking, okay, this is another pressure for the u.s. economy. so we're all waiting on some kind of compromise out of washington as well as some stability in europe. but for sure, we'll probably see some volatility going forward. doesn't really mean much, though, long-term. >> i was going to say, let's get some perspective. there was a huge drop after the president's election four years ago. but over the last four years, wall street has been up. >> that's right. over the long-term, you have to look at fundamentals. and the corporate sector right now is very strong. a lot of cash on the balance sheets, longer term earnings should be okay. but over t
loopholes and lowers tax rates. >> house speaker john boehner gave the republican address this morning, saying shoring up entitlements and reforming the tax code will lead to more jobs and a stronger economy. both sides agree another recession will hit if the nation falls over this so-called fiscal cliff, which is a combination of automatic spending cuts and tax rate increases that are scheduled to kick in at the start of next year. >>> thousands of customers are still without power nearly two weeks after sandy hit, and now their utility might raise their rates. the ceo of con edison has said he is very sorry that some people have gone 12 days without power, but his company plans to hike utility rates for gas, steam, and electricity anyway. many are questioning the timing of such an increase. >> it seems crazy. i know they are probably dealing with an antiquated infrastructure, but i mean, shouldn't they have thought about this maybe down the road a little bit? >> i think it's outrageous, considering what people have gone through. >> if the public service commission approves the rate h
that wealthier americans should pay more. john boehner is signaling some room for compromise, but it may be tough over tax rates. the negotiations are going to start and they've got to be intense now if they're going to do something to head off this train wreck that's coming. >> looking back at the election, what can republicans take away from obama's re-election? >> that if they're going to win the white house again, they have to be a bigger party than they are. they are primarily a party of white men. they have lost ground with the changing demographics of the country. the president expanded the coalition of younger people, women, minorities, latinos, republicans have been left behind in that area. and they're going to have to figure out where they go from here if they're really going to expand as a party. >> and on the flip side of things, i know we're only -- we're not even a week away from when the election happened, but are we able to pinpoint how president obama won? >> yeah. he won by expanding his coalition of young people, of minorities, particularly latinos, and women. and he did it ac
negotiate with speaker boehner, mitch mcconnell, or does he come in, give a set of demands and go hold a press conference? they can, i believe, hammer out -- >> same can the said on the other side, by the way. >> but if the president is willing to do it, the republicans have no choice. i mean, you can't turn down a president who just won re-election if he's sincere and willing to negotiate. >> going to take some bold initiatives which is my segue into your book, okay, because you've written this book about george washington and his bold moves to break the stalemate of the revolutionary war. so much has been written about george washington. what do you want readers to take away from this book that's new? >> well, i think particularly this morning is the launch of an american legacy book tour that calista and i are doing because she has two new children's books out for american history. the first thing is to say to people we have a long history of overcoming adversity. george washington is probably the greatest example of that, and in "victory at yorktown" you see him faced with a strate
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